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The Methodology of Islamic Economics (Methodology of Islamic Economics…
The Methodology of Islamic Economics
Introduction
Need for defining the methodology of Islamic Economics
Why methodology at all?
Methodology of Islamic Economics
Inductive/ Deductive
Assumption and Method
The Role of Reason
Problem-Solving
The Hardcore
Process of Theorizing
Comparison of The Two Methodologies
Islamic economics is a normative discipline
Islamic economics ask question which are different from those asked by the mainstream economics
Islamic economics primarily follows the inductive method
Islamic economics builds ethical values such justice, benevolence, moderation, sacrifice, caring for others and etc., into analysis as behavioral paramaters
Islamic economics uses a framework derived from the divine texts
Related Issues
The Assumption of an ideal Islamic Society
General Theory of Islamic Economics
Role of Revelation